Oil-Dri Announces Price Increases to Address Higher External Costs
Oil-Dri (NYSE: ODC) plans to raise prices on most products during the first quarter of fiscal 2027.
Rhea-AI Summary
Oil-Dri (NYSE: ODC) plans to raise prices on most products during the first quarter of fiscal 2027. The company cites significantly higher external costs, including health insurance, freight, and resin-based packaging. Oil-Dri is also pursuing productivity and cost reduction initiatives to mitigate margin erosion.
Positive
- Planned price increases on majority of products in fiscal Q1 2027
- Cost and productivity initiatives to help mitigate margin erosion
Negative
- Significant increases in external costs such as freight and packaging
- Higher prices may impact customer demand and relationships
Details
News Market Reaction – ODC
In the Jun 25 session, ODC gained 1.75%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Historical Context
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Record Q3 sales and earnings growth with strong segment performance.
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Dividend increase and new share repurchase authorization signaling shareholder returns.
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Cat’s Pride promotional campaign with large litter donation commitment.
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Recognition as a USA TODAY Top Workplaces winner for 2026.
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Quarterly dividends declared with long history of annual increases.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
margin erosion financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHICAGO, June 24, 2026 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) today announced plans to raise prices on the majority of its product portfolio during the first quarter of fiscal year 2027.
These pricing adjustments are in response to significant increases in costs outside of the company’s control, including health insurance, freight, and resin-based packaging, among others.
Daniel S. Jaffee, President and Chief Executive Officer stated, “We are mindful of the effect price increases have on our customers, and we do not make these decisions without careful consideration. However, rising external costs have made this adjustment necessary in order to maintain the high quality of our products and service levels. At the same time, we are pursuing productivity and cost reduction initiatives for things that we do control to further mitigate margin erosion. We appreciate our customers’ understanding and continued collaboration as we navigate these market conditions.”
Oil-Dri sales representatives will communicate specific details of the price increase to their customers directly.
About Oil-Dri Corporation of America
Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. Oil-Dri is vertically integrated which enables the Company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With over 80 years of experience, the Company continues to fulfill its mission to Create Value from Sorbent Minerals. To learn more about the Company, visit oildri.com.
Contact:
Leslie A. Garber
Director of Investor Relations
Oil-Dri Corporation of America
InvestorRelations@oildri.com
(312) 321-1515
FAQ
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